iExec RLC (RLC) is a digital asset that operates on the Ethereum platform, with the aim of providing a decentralized computing environment. It seeks to establish a market network where individuals have the opportunity to monetize their computing power, applications, and datasets. iExec RLC is constructed on XtremWeb-HEP, an open-source desktop grid software that implements a variety of features including multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, and security. The RLC token is given as a reward for contributing resources to the network, making it a crucial part of the iExec ecosystem.

iExec RLC operates by providing on-demand access to cloud computing resources. It utilizes a consensus protocol known as PoCo or proof-of-contribution, which provides consensus over off-chain computing. This proof-of-contribution verifies the usage of external resources on the blockchain itself. iExec also supports distributed applications running on the blockchain, providing scalable, easy access to servers, datasets, and computing resources.

iExec RLC seeks to support applications in various fields such as big data, healthcare, AI, rendering, and fintech. It allows application providers to monetize their algorithms, and data providers with valuable datasets to make them available for usage through iExec. It also enables users to connect their machines and be rewarded with RLC tokens for contributing their resources to the network. Furthermore, iExec RLC aims to overcome limitations within the Ethereum blockchain including scalability, privacy, and connectivity, enhancing the functionality of smart contracts.

iExec RLC was established on October 16, 2016, with the aim to reinvent cloud computing by creating a new cloud computing paradigm. The founders of iExec RLC are Gilles Fedak, the CEO and co-founder, and Haiwu He, the co-founder and head of APAC. Both founders have extensive backgrounds in philosophy and computer science, and have conducted research in the field of desktop grid computing at INRIA and CNRS. The iExec RLC project is built upon their work, aiming to leverage research technologies developed at these research institutes.

We update our iExec RLC to GBP currency in real-time. Get the live price of iExec RLC on Coinbase.

The current market cap of iExec RLC is £29.107M. A high market cap implies that the asset is highly valued by the market.

The all-time high of iExec RLC is £14.75. This all-time high is highest price paid for iExec RLC since it was launched.

Over the last 24 hours, the trading volume of iExec RLC is £1.75M.

Assets that have a similar market cap to iExec RLC include AntFun, BIM, Osmosis, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of iExec RLC is 87 million.

iExec RLC ranks 110 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 67% of Coinbase users are buying iExec RLC. In other words, 67% of Coinbase customers have increased their net position in iExec RLC over the past 24 hours through trading.